Christophe Parisi: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Christophe Parisi
Largest movements
- Receivables within one year +€23,848
up €23,848 (+97.7%), from €24,405 to €48,253
of which Trade receivables: +€17,816
- Cash +€9,637
up €9,637 (+242%), from €3,989 to €13,625
mainly Net result for the year (+€46,575) and Other debts (+€18,306)
- Tangible fixed assets -€4,206
down €4,206 (-8.1%), from €52,186 to €47,980
of which Other tangible fixed assets: -€2,962
- Profit (loss) carried forward +€23,986
up €23,986, from -€22,022 to €1,965
- Trade debts -€21,225
down €21,225 (-31.2%), from €67,983 to €46,758
- Other debts +€18,306
up €18,306 (+146%), from €12,548 to €30,854
- Tax, wage and social debts +€12,058
up €12,058 (+277%), from €4,356 to €16,414
- Current portion of long-term debt -€2,819
down €2,819 (-66.4%), from €4,243 to €1,424
- Gross operating margin +€77,302
up €77,302, from -€3,118 to €74,185
- Taxes +€11,947
up €11,947 (+8,563%), from €140 to €12,086
- Depreciation +€1,422
up €1,422 (+11.7%), from €12,138 to €13,560
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €81,537 | €110,418 | +€28,881 | +35.4% |
| Fixed assets | 21/28 | €52,186 | €47,980 | -€4,206 | -8.1% |
| Tangible fixed assets | 22/27 | €52,186 | €47,980 | -€4,206 | -8.1% |
| Plant, machinery and equipment | 23 | €8,160 | €9,436 | +€1,276 | +15.6% |
| Furniture and vehicles | 24 | €9,024 | €6,505 | -€2,520 | -27.9% |
| Other tangible fixed assets | 26 | €35,001 | €32,039 | -€2,962 | -8.5% |
| Current assets | 29/58 | €29,351 | €62,438 | +€33,087 | +113% |
| Amounts receivable within one year | 40/41 | €24,405 | €48,253 | +€23,848 | +97.7% |
| Trade receivables | 40 | €16,786 | €34,602 | +€17,816 | +106% |
| Other amounts receivable | 41 | €7,619 | €13,651 | +€6,032 | +79.2% |
| Cash at bank and in hand | 54/58 | €3,989 | €13,625 | +€9,637 | +242% |
| Deferred charges and accrued income | 490/1 | €957 | €560 | -€397 | -41.5% |
| Total equity and liabilities | 10/49 | €81,537 | €110,418 | +€28,881 | +35.4% |
| Equity | 10/15 | -€9,017 | €14,969 | +€23,986 | |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €8,004 | €8,004 | = | 0.0% |
| Distributable reserves | 133 | €8,004 | €8,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,022 | €1,965 | +€23,986 | |
| Amounts payable | 17/49 | €90,554 | €95,449 | +€4,895 | +5.4% |
| Amounts payable after more than one year | 17 | €1,424 | - | -€1,424 | |
| Financial debts | 170/4 | €1,424 | - | -€1,424 | |
| Amounts payable within one year | 42/48 | €89,131 | €95,449 | +€6,319 | +7.1% |
| Current portion of amounts payable after more than one year | 42 | €4,243 | €1,424 | -€2,819 | -66.4% |
| Trade debts | 44 | €67,983 | €46,758 | -€21,225 | -31.2% |
| Suppliers | 440/4 | €67,983 | €46,758 | -€21,225 | -31.2% |
| Taxes, remuneration and social security | 45 | €4,356 | €16,414 | +€12,058 | +277% |
| Taxes | 450/3 | €4,356 | €16,414 | +€12,058 | +277% |
| Other amounts payable | 47/48 | €12,548 | €30,854 | +€18,306 | +146% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,138 | €13,560 | +€1,422 | +11.7% |
| Other operating charges | 640/8 | €690 | €1,139 | +€449 | +65.0% |
| Non-recurring operating charges | 66A | €5,169 | - | -€5,169 | |
| Gross operating margin | 9900 | -€3,118 | €74,185 | +€77,302 | |
| Operating profit (loss) | 9901 | -€21,114 | €59,486 | +€80,600 | |
| Financial income | 75/76B | €119 | €51 | -€68 | -57.4% |
| Recurring financial income | 75 | €119 | €51 | -€68 | -57.4% |
| Financial charges | 65/66B | €887 | €876 | -€11 | -1.3% |
| Recurring financial charges | 65 | €887 | €876 | -€11 | -1.3% |
| Profit (loss) for the period before taxes | 9903 | -€21,882 | €58,661 | +€80,543 | |
| Income taxes | 67/77 | €140 | €12,086 | +€11,947 | +8,563% |
| Profit (loss) for the period | 9904 | -€22,022 | €46,575 | +€68,597 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,022 | €46,575 | +€68,597 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.